Türkiye foresees securing roughly $41 billion in long-term and low-cost undertaking financing from worldwide establishments over a three-year interval, in response to Treasury and Finance Minister Mehmet Şimşek on Saturday.
In a put up on social media platform X, Şimşek stated they got here along with the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the Asian Infrastructure Investment Bank (AIIB), the Islamic Development Bank (IsDB) and the European Investment Bank (EIB) “to strengthen our collaborations.”
He referred to the contacts held on the sidelines of the spring assembly of the International Monetary Fund (IMF) and World Bank held in Washington this week.
“We anticipate securing approximately $41 billion in long-term and low-cost project financing from these institutions over a three-year period,” Şimşek stated.
“The resources will be used for green and digital transformation, disaster resilience, infrastructure investments and inclusive growth projects. Thus, we will support sustainable high growth by increasing productivity,” he added.
“Our goal is for Türkiye to be among the high-income countries,” he additionally stated.
The minister held a sequence of talks in Washington, together with with U.S. Treasury Secretary Scott Bessent and IMF Managing Director Kristalina Georgieva.
He additionally met with Nadina Calvino, the president of EIB Group.
“Productive meeting with Türkiye Finance Minister Mehmet Şimşek on the margins of the Spring Meetings. We discussed the current economic outlook and policy priorities. In a context of high volatility and uncertainty, partnerships are key to provide stability and prosperity,” she stated in a put up on X.
“We welcome the European Council’s proposal for the EIB to resume its operations in Türkiye. This will further strengthen our partnership and contribute to stability and prosperity in the region,” Şimlek wrote, following a gathering with Calvino.
“We appreciate the EIB’s support for Türkiye’s earthquake reconstruction efforts, including the 400 million euros facility,” he added.
“We held more than 60 meetings in one week in the U.S., where we were for the IMF-World Bank Spring meetings,” the minister stated in one other put up on X, citing talks with greater than 2,000 traders, credit standing businesses and bilateral talks, amongst others.
“The summary of the meetings: Interest in Türkiye is strong. The country’s economic program is closely watched. Questions are asked about long-term investment opportunities,” he stated.
Source: www.dailysabah.com